(Reuters) - U.S. employment growth likely picked up in September, putting pressure on the Federal Reserve to raise interest rates and signaling that steam could be building in the economy ahead of America's presidential election.Read Full Article →

In a news release, IRS reminded taxpayers that, in light of recent changes made to the Individual Taxpayer Identification Number (ITIN) program, ITINs that have not been used on a federal tax return at least once in the last three years will no longer be valid for use on a tax return as of Jan. 1, 2017. As of Oct. 1, 2016, IRS began accepting ITIN renewal applications from taxpayers whose ITINs will be invalid and encourages taxpayers to act soon to avoid processing delays. Taxpayers who have ITINs with middle digits of 78 or 79 will also need to renew their ITINs before filing a federal return in 2017.Read Full Article →

(Reuters) - Bank Hapoalim, Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have "a significant impact" on its third-quarter results.Read Full Article →

(Reuters) - The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo & Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank.Read Full Article →

The FASB plans to release for public comment a proposal to clarify what qualifies as a modification under its stock compensation guidance. If the proposed change becomes a final amendment to U.S. GAAP, modification accounting would not have to be applied to changes that do not affect the total current fair value, vesting requirements, or classification of employee stock awardsRead Full Article →

(Reuters) - Two-dozen Republicans from the U.S. House of Representatives asked the White House and the Treasury on Wednesday not to finalize proposed regulations meant to crack down on companies that try to reduce their U.S. taxes by rebasing abroad, fearing it will harm business and the economy.Read Full Article →